Tag: “Negative

Trump ‘Loves’ Negative Rates and ‘Could Get Used to’ Them, Criticizes Fed at World Economic Forum, China Trade Deal

Trump ‘Loves’ Negative Rates and ‘Could Get Used to’ Them, Criticizes Fed at World Economic Forum, China Trade Deal U.S. President Donald Trump spoke at the World Economic Forum in Davos, Switzerland Tuesday saying the U.S. and other nations are “forced to compete … with nations that are getting negative […]

German Banks Increasingly Charging Retail Clients Negative Interest Rates

German Banks Increasingly Charging Retail Clients Negative Interest Rates A growing number of banks in Germany are charging retail customers negative interest rates, starting with the very first euro deposited into their accounts. At least three German banks are reportedly doing so, with more expected to follow suit in the […]

ECB Nominee Blames Resistance to Negative Rates on Financial Illiteracy

ECB Nominee Blames Resistance to Negative Rates on Financial Illiteracy European Central Bank (ECB) executive board nominee and member of the German Council of Economic Experts, Isabel Schnabel, recently remarked at a European Parliament hearing that “This scapegoating [of the ECB] is extremely dangerous: it may damage the trust in […]

Bitcoin (BTC) Trend Overwhelmingly Negative, Continue Selling?

Bitcoin (BTC) Trend Overwhelmingly Negative, Continue Selling? Bitcoin price is slowly declining and it recently broke the $ 7,200 support area against the US Dollar. The price is currently consolidating above $ 7,100 and likely to continue lower. Yesterday’s key declining channel is still active with resistance near $ 7,320 […]

Survey: 58% of German Banks Charge Negative Interest Rates

Survey: 58% of German Banks Charge Negative Interest Rates Germany’s central bank, the Deutsche Bundesbank, has conducted a survey of banks charging negative interest rates on customer deposits. Some are charging retail customers as well as corporate clients. An independent price comparison portal shows which banks are currently charging for […]

Ethereum (ETH) Medium Term Trend Turns Negative, Bears Eye $160

Ethereum (ETH) Medium Term Trend Turns Negative, Bears Eye 0 Ethereum is currently consolidating losses above the $ 172 support against the US Dollar. Bitcoin price is also consolidating above the key $ 8,000 support area. There is a new connecting bearish trend line forming with resistance near $ 176 […]

Bank of Japan Eyes Lower Rates for Halloween as Negative Global Trend Continues

Bank of Japan Eyes Lower Rates for Halloween as Negative Global Trend Continues In a recent rate review meeting of the Bank of Japan (BoJ), bank governor Haruhiko Kuroda and others on the nine-member board urged leaving all options on the table, where further cuts to the country’s negative interest […]

How Cryptocurrencies Can Mitigate Some of Brexit’s Negative Effects

How Cryptocurrencies Can Mitigate Some of Brexit’s Negative Effects Brexit, the European divorce saga that has been going on for years, has created a lot of headaches for politicians and ordinary people on both sides of the Channel. The process of Britain leaving the European Union is now heading towards […]

Nature Abhors a Vacuum: Why Trump’s Proposed Negative Rates Bode Well for Bitcoin

Nature Abhors a Vacuum: Why Trump’s Proposed Negative Rates Bode Well for Bitcoin In a recent tweet, U.S. president Donald Trump delved into an explosive, all-caps-loaded mini-rant about the necessity of getting “interest rates down to ZERO, or less.” The bombastic politician stressed the need for America to refinance its […]

Initiative to Curtail Negative Interest Rates Gains Traction in Germany

Initiative to Curtail Negative Interest Rates Gains Traction in Germany Negative interest rates, a common occurrence in Europe these days, are unpleasant for both banks and clients. And financial institutions have been increasingly transferring the bulk of the burden on to their customers. Some political factions in Germany, however, aren’t […]